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ABC
Nov 27, 2012 4:00am PST
, everyone. with drastic spending cuts and tax increases looming in just over a month, republican lawmakers appear ready to deal. >> long-time tax breaks, like the mortgage interest deduction, could be on the chopping block. abc's tahman bradley is live in washington with more on the intense negotiations that are now under way. good morning, tahman. >> reporter: good morning, rob and bapaula. some republican lawmakers are signaling a willingness to cut a deal with president obama. but doing so, it would require republicans to break a long-standing gop pledge. some republican lawmakers say they're now willing to defy party politics and cut a deal on taxes. if congress doesn't act, $650 million of spending and tax increases will take place on january 1st. but there's fresh hope in washington that republicans and democrats can strike a deal. >> the world has changed. >> reporter: the biggest obstacle is a pledge of no tax increases of virtually any kind that every republican has signed. but with fiscal calamity on the horizon, some gop lawmakers have changed their tune. >> i will violate the p
ABC
Nov 28, 2012 4:00am PST
before taxes. >>> the looming fiscal cliff is one reason you may want to take that lump sum. if no deal is reached, and taxes go up, most financial advisers say that could cost the winner millions. >>> and with that fiscal cliff ahead, president obama is mounting a full-court press, making his case for higher taxes on wealthier americans, even as critics accuse him of being back in campaign mode. he'll meet today with mittle-class meshes who taxes will go up if there's no deal by the end of the year. and he talked to high-powered ceos about cutting the nation's deficit. >>> susan rice, who is the front-runner to be the next secretary of state, is back to capitol hill for more meetings with some of her harshest critics. the topic this time, her comments after the attack on the consulate in libya on september 11th. tahman bradley has the latest from washington. >> reporter: u.n. ambassador susan rice faces more tough diplomacy on capitol hill. rice is the leading candidate for secretary of state in president obama's second term. but prominent gop lawmakers are trying to stop her from gett
ABC
Nov 26, 2012 4:00am PST
lawmakers now say they'd be willing to break a no tax pledge to avoid the fiscal cliff. georgia senator saxby chambliss was among those on the sunday talk shows who said he'd be willing to reconsider raising taxes if democrats will cut spending. >> i will violate the pledge, long story short, for the good of the country only if the democrats agree to reform. >> the pledge signed 18 years ago is for that congress. the world has changed and the economic situation is different. >> now, congressional staffers met over the holiday weekend. and leaders intend to meet with the president this week. there are predictions it could be wrapped up before christmas. >> i like that optimism. >>> well, president obama is expected to announce this week a major reshuffling of his cabinet. u.n. ambassador susan rice will likely be the president's nominee to replace hillary clinton as secretary of state. on top of that, massachusetts senator john kerry is said to be the leading candidate to replace leon panetta at secretary of defense. >>> and we're also expected to learn this week whether the supreme cour
ABC
Nov 23, 2012 4:00am PST
adding fees and taxes, those deals are much cheaper here than back home in canada. >>> the u.s. postal service is hoping to avoid its red ink by testing out same-day package delivery. the program is aimed to online shoppers who are willing to pay a flat fee of about $10. it's going to start next month in san francisco. and if it's successful, it will expand to other major cities next year. >>> your mail carrier also won't be delivering as many of those catalogs this holiday season. companies that used to sound out mountains of catalogs are being stung by higher postage costs and the weak economy. a third fewer catalogs are being mailed out compared to just four years ago. but still, about 12 billion a year will be going out. >> less junk mail could be a good thing, actually. >>> as shoppers head out this weekend, we're learning the mannequins you see may not be your average dummy. some mannequins, in fact, will be watching you. that's because they're equipped with a tiny camera that's embedded in their eye. they can actually collect information about shoppers' habits. but also, scope o
Search Results 0 to 3 of about 4